Your L is piped the same as my BX. The looped hose goes from the Power, (hydraulic pressure supply) usually labeled "P" for power, to the next valve in the circuit. That hose provides the power to the BH when it is in place. W/O the BH it is looped to maintain the circuit downstream. W/the BH one of the other hoses is the Power Beyond, usually labeled "PB", which sends the power from the BH to the other parts of the circuit, probably the 3 point hitch then the FEL. The other hose from the BH is the used fluid from the BH back to the hydraulic reservoir (Tank), normally labeled "T". If you notice the hose fittings and the lengths prevent you from hooking up the BH wrong.
The BH hydraulics is the easiest place to add in things you will operate from the ground as the valve(s) are on the implement.
We all have had to learn all these abbreviations as we go along on the forum. Just like operating your tractor there is a learning curve. In addition to the Operating Manual I recommend getting the Workshop Manual (WSM) and the Parts Manual. These will improve your learning curve and save you money doing a lot of your own work. When special tools are needed that is when to look at sending out to a dealer shop. I am assuming you are mechanically inclined. Keep asking questions; we all are a fountain of something, both the good and the bad.
LOL, Ron